US IPO Market's Green Shoots Take Root In the first quarter of 2024, the IPO market's green shoots grew further, with 30 IPOs raising a combined $7.8 billion. While deal count was in line with the 1Q23, proceeds more than tripled, thanks to the continued return of larger offerings. Fifteen US IPOs raised $100 million...read more
Eleven IPOs raised a combined $3.8 billion in January, the busiest month for both $100+ million and $1+ billion IPOs since late 2021. Six offerings raised $100 million or more, led by two billion-dollar deals: sports gear maker Amer Sports (AS) and Kazakhstani "super app" Kaspi.kz (KSPI). Remaining activity came from small, primarily China-based...read more
The IPO market is getting warmer, and more large issuers are testing the waters. With Amer Sports (AS) on tap to price its $1.7 billion offering before month end, January is set to be the busiest month for billion-dollar IPOs since December 2021, with two deals. The month's other billion-dollar IPO, Kaspi.kz (KSPI), raised just over $1 billion...read more
Seven IPOs priced this past week, led by three that raised $100+ million. After upwardly revising the terms earlier in the week, CG Oncology (CGON) further upsized the offering and priced above the range to raise $380 million at a $1.3 billion market cap. Its sole clinical asset is initially in development for a subclass of bladder cancer and is currently in an...read more
Updated: Renaissance Capital's 1Q 2024 US IPO Market Review
US IPO Market's Green Shoots Take Root In the first quarter of 2024, the IPO market's green shoots grew further, with 30 IPOs raising a combined $7.8 billion. While deal count was in line with the 1Q23, proceeds more than tripled, thanks to the continued return of larger offerings. Fifteen US IPOs raised $100 million...read more
Renaissance Capital's January IPO Market Update
Eleven IPOs raised a combined $3.8 billion in January, the busiest month for both $100+ million and $1+ billion IPOs since late 2021. Six offerings raised $100 million or more, led by two billion-dollar deals: sports gear maker Amer Sports (AS) and Kazakhstani "super app" Kaspi.kz (KSPI). Remaining activity came from small, primarily China-based...read more
The IPO market is set to bag two billion-dollar deals in January, the most in a single month since 2021
The IPO market is getting warmer, and more large issuers are testing the waters. With Amer Sports (AS) on tap to price its $1.7 billion offering before month end, January is set to be the busiest month for billion-dollar IPOs since December 2021, with two deals. The month's other billion-dollar IPO, Kaspi.kz (KSPI), raised just over $1 billion...read more
US IPO Weekly Recap: Biotech CG Oncology pops 96% in a 7 IPO week
Seven IPOs priced this past week, led by three that raised $100+ million. After upwardly revising the terms earlier in the week, CG Oncology (CGON) further upsized the offering and priced above the range to raise $380 million at a $1.3 billion market cap. Its sole clinical asset is initially in development for a subclass of bladder cancer and is currently in an...read more